Amplify Samsung SOFR ETF (NYSEARCA:SOFR) Short Interest Update

Amplify Samsung SOFR ETF (NYSEARCA:SOFR) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 26,333 shares, an increase of 224.2% from the April 15th total of 8,122 shares. Based on an average daily trading volume, of 13,839 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.6% of the company’s stock are short sold.

Amplify Samsung SOFR ETF Stock Performance

Amplify Samsung SOFR ETF stock remained flat at $100.29 during midday trading on Friday. The company’s stock had a trading volume of 2,603 shares, compared to its average volume of 7,669. The stock’s 50-day simple moving average is $100.28 and its 200-day simple moving average is $100.29. Amplify Samsung SOFR ETF has a 52 week low of $100.07 and a 52 week high of $100.89.

Institutional Investors Weigh In On Amplify Samsung SOFR ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp increased its holdings in shares of Amplify Samsung SOFR ETF by 26.8% in the fourth quarter. Stifel Financial Corp now owns 2,711 shares of the company’s stock valued at $272,000 after purchasing an additional 573 shares during the period. Jane Street Group LLC acquired a new position in shares of Amplify Samsung SOFR ETF in the first quarter valued at about $468,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Amplify Samsung SOFR ETF in the fourth quarter valued at about $832,000. Citadel Advisors LLC increased its holdings in shares of Amplify Samsung SOFR ETF by 205.3% in the third quarter. Citadel Advisors LLC now owns 8,404 shares of the company’s stock valued at $842,000 after purchasing an additional 5,651 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Amplify Samsung SOFR ETF by 24.1% in the fourth quarter. LPL Financial LLC now owns 14,352 shares of the company’s stock valued at $1,438,000 after purchasing an additional 2,786 shares during the period.

Amplify Samsung SOFR ETF Company Profile

The Amplify Samsung SOFR ETF (SOFR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, focusing mainly on repurchase agreements (repo) with the intent to mirror the Secured Overnight Financing Rate. The fund seeks to generate higher monthly income over cash portfolios while limiting yield curve exposure. SOFR was launched on Nov 15, 2023 and is issued by Amplify Investments.